HFCB Announces Exit of Director Felister Kembi After Nine-Year Stint

HFCB Group Plc has announced the retirement of director Felister Kembi after serving on the company’s board for nine years.

In a public notice dated Friday, May 29, 2026, the financial services group said Kembi officially retired during the company’s Annual General Meeting (AGM) held on Tuesday, May 26, after reaching the maximum tenure allowed for board members.

“The Board of HFCB Group wishes to notify the public that Ms. Felister Kembi retired during the Annual General Meeting held on Tuesday, 26th May 2026, and having served the maximum tenure of nine years, did not offer herself for re-election,” read part of the notice.

HFCB Pays Tribute to Kembi

The board thanked Kembi for her contribution and leadership during her time at the company.

“The Board of Directors deeply appreciates the dedication, service, and stewardship of Ms. Felister Kembi and wishes her every success in her future endeavors,” the notice added.

Kembi joined the HFCB board on September 26, 2016.

She holds a Bachelor of Commerce degree in Accounting from the University of Nairobi and is a Certified Public Accountant of Kenya (CPA-K) as well as a member of the Institute of Certified Public Accountants of Kenya (ICPAK).

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Career Background

According to HFCB, Kembi has extensive experience in accounting, auditing, finance, and administration.

Over the years, she has worked at several firms, including Kenya Airways, East African Portland Cement, Ernst & Young Auditors, AgrEvo EA Limited, and Aventis EA.

She also serves as a director at Felicity Exclusive Designs, a company involved in the importation and distribution of clothing and household goods.

About HFCB Group

HFCB Group Plc is a non-operating holding company licensed by the Central Bank of Kenya under the Banking Act.

Also Read: Old Mutual Confirms Exit of Two Top Directors

The company, which began operations in 1965, has expanded from a mortgage financier into an integrated financial and property solutions provider with interests in banking, insurance, and real estate.

The group rebranded in May 2026 to operate under a unified HFCB identity and currently operates through four subsidiaries: HFCB Limited, HFCB Properties Limited, HFCB Bancassurance Intermediary Limited, and HFCB Foundation Limited.

In February 2025, HFCB Group was added to the MSCI Frontier Markets Small Cap Index, a benchmark used by investors tracking emerging markets.

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Photo of HF Group Building. PHOTO/NMG